Gary M. Fritz - Oct 2, 2023 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Oct 2, 2023
Transactions value $
-$106,624
Form type
4
Date filed
10/4/2023, 05:57 PM
Previous filing
Dec 19, 2022
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +12.3K +107.96% $0.00 23.6K Oct 3, 2023 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$107K -2.99K -12.65% $35.72 20.6K Oct 3, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MGM Restricted Stock Units Award $0 +40.8K $0.00 40.8K Oct 2, 2023 Common Stock $.01 Par Value ND 40.8K Direct F1
transaction MGM Performance Share Units Award $0 +33.1K $0.00 33.1K Oct 2, 2023 Common Stock $.01 Par Value ND 33.1K Direct F2
transaction MGM Restricted Stock Units Options Exercise $0 -12.3K -25% $0.00 36.8K Oct 3, 2023 Common Stock $.01 Par Value ND 12.3K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan ("Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date. Any fractional shares are paid in cash upon settlement.
F2 Performance Share Units (PSUs) granted under the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date, relative to a target price of $52.44.